Business / Economics Archives - Page 38 of 184

28 February 2025, Morning Biz News: Businesses Face Blacklisting, SA Inflation Rises, MTN Gains in Nigeria, UK Business Confidence Rebounds

Local Businesses Face Blacklisting Over Non-Compliance The Business and Intellectual Property Authority (BIPA) has issued a stark warning to registered entities in Namibia, cautioning that a majority risk blacklisting for failing to comply with the country's beneficial ownership law. According to The Brief, only 84,000 out of 229,000 registered businesses have submitted the required information, leaving 145,000 entities vulnerable to severe penalties. This crackdown aims to enhance financial transparency and […]

28 February, 2025

Business / Economics

Minister in the Presidency in S.A says G20 presidency is progressing well

Minister in the Presidency of South Africa, Khumbudzo Ntshavheni, says its G20 presidency is progressing well following the successful Foreign ministers' meeting in Johannesburg last week and the ongoing Finance ministers and central bank governors' meeting in Cape Town. According to Ntshavheni, the cabinet highlighted that the G20 remains essential for international economic cooperation and for advancing South Africa’s goals of solidarity, equality, and sustainability:

28 February, 2025

Business / Economics

Greylisting has not severely impacted Namibia’s economy – FIC

By: Hertha Ekandjo The Director of the Financial Intelligence Centre (FIC) Bryan Eiseb, has assured the nation that Namibia’s greylisting has not severely impacted the country’s economy. Addressing concerns about the potential fallout from the greylisting, Eiseb explained that, since the country was added to the list, there has been no significant economic damage. "Since the greylisting, we have not seen a severe economic impact," Eiseb stated. Namibia was grey-listed […]

27 February, 2025

Business / Economics

EU-India hold trade talks with an eye on the US

Days after India restarted trade negotiations with the UK, it's now sitting down with the European Union to hammer out a long delayed trade deal. The EU is expected to echo US President Donald Trump, urging India to lower tariffs on some products. Even as New Delhi looks to diversify its own exports, amid concerns that America's reciprocal taxes will hurt Indian businesses. Neha Poonia has more.

27 February, 2025

Business / Economics

Katutura Entrepreneurs Receive Equipment Boost

Seventeen small business owners in the Katutura Central Constituency have received equipment valued at N$270,000 from their councilor, Rodman Katjaimo. One Africa TV NewsOnOne's Selma Taapopi reports. Last night's full bulletin is available on oneafrica.tv and weeknights at 7 watch it on GoTv 84, DSTv 284 or stream for free on oneafrica.tv

27 February, 2025

Business / Economics

27 February Morning Biz News: Hyphen Expands Training, SA Inflation Rises, Tesla Stock Drops

Hyphen Hydrogen Energy Expands Green Hydrogen TrainingHyphen Hydrogen Energy has signed a Memorandum of Understanding (MoU) with the Hardap Regional Council to address the skills gap and prepare local workers for employment in the green hydrogen industry. According to The Brief, this collaboration is part of Hyphen’s broader efforts with the Namibian government to develop specialized training and capacity-building programs. South Africa’s Inflation Rises to 3.2% in JanuaryConsumer inflation in […]

27 February, 2025

Business / Economics

S.A Reserve Bank Governor Warns of Inflation Risks

South African Reserve Bank Governor, Lesetja Kganyago, has warned that global trade tensions and a potential value-added tax hike could derail two years of slowing inflation. Last week the national budget speech was postponed, after a last-minute disagreement within the government of national unity, about a proposal to hike value-added tax by two-percent. Speaking to CNBC Africa on the sidelines of a meeting of G20 finance officials in Cape Town, […]

26 February, 2025

Business / Economics

China says US plan to toughen semiconductor curb will backfire

Beijing says the US plan of coercing other countries into going after China's semiconductor industry will backfire. It follows a report by Bloomberg that said Donald Trump's administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China's chip industry. Laura Westbrook has more.

26 February, 2025

Business / Economics

Morning Biz News 26 February 2025: NamRA Revenue Surges, BP Shifts Strategy, and AfDB Backs SMMEs

NamRA Collects N$79.3 Billion in Revenue The Namibia Revenue Agency (NamRA) has collected N$79.3 billion in revenue as of 31 January 2025. According to NamRA’s latest figures, domestic tax collections amounted to N$31.36 billion, while customs and excise duties contributed N$48 billion. The total revenue estimate for the 2024/2025 financial year is projected at N$85.3 billion. South Africa’s Poultry Master Plan Exceeds Targets In South Africa, the first phase of […]

26 February, 2025